Hello,Friends! USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 75.81 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! NZD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 92.585 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Hello,Friends! GBP/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Hello,Friends! It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.533 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GOLD is making a bullish rebound on the 1D TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1988.710 level. ✅LIKE AND COMMENT MY IDEAS✅
Thank you for reading this update. VET seems to be at an important level, and we will follow if it's able to break in the coming time frames, this could mean high-price actions if it can be done
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 104.197. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 105.586 level. P.S We determine oversold/overbought condition...
Please, check our technical outlook for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2025.53. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1991.60 level....
Here is our detailed technical review for GBPJPY. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 190.518. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 191.811 level. P.S Please, note...
Please, check our technical outlook for EURCAD. Time Frame: 45m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.465. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.467 level. P.S The term...
Take a look at our analysis for USDJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 150.364. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 151.654 level. P.S Please, note that an...
Please, check our technical outlook for US500. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 5072.7. The above observations make me that the market will inevitably achieve 5023.1 level. P.S We determine oversold/overbought condition with RSI...
Thank you for reading this update. After the successful increase from 42K to 48K, BTC seems to make new confirmations levels between 51-52K for the high possibility break to 56K BTC moment price action 51740
NZDCAD is currently approaching a peculiar zone based on a key horizontal support and a solid rising trend line on a daily. Your confirmation to buy will on an hourly time frame. 0.8285 is the neckline of a double bottom formation. We will need an hourly candle close above that to confirm the strength of bulls. We can buy the pair then anticipating a bullish...
NZD/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. NZD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. NZD/CAD Short Minimum entry...
World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected. Conference Board survey results released on February 27 showed that the US consumer confidence index decreased in February to 106.7, down from 110.90 adjusted down in January. Consumer optimism...
15m broken structure/retested london session market structure 1 to 3 risk to reward setup
Thank you for reading this update. WAXP seems to be at important level, and we will follow ifs able to break in the coming time frames, this could means high price actions if it can be done.